The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1887-03-01
FINANCIAL And COMMERCIAL
STATE OF TRADE

(From Bradstreet's of Saturday, Feb. 26)
Out OF twenty-five cities reported by telegraph
to Bradstreet's, Chicago and Kansas City alone
announce special gains inSthe volume of staples
distributed during the week. New York. Pitts.
burg, st. Louis and Dallas, Tex, report some i'm
provement, while at Boston, Cleveland, San Fran
cisco, Nashville Evansville, Milwaukee and Gal
weston, no special change is noted. General trade
has experienced check at Philadelphia Column
bus, Ohio, Cincinnati louisville, Omaha, Bur
lington, Minneapolis st. Paul and New Orleans
and at other points, owing to rain and snow
storms and continued bad condition Of the coun
try roads, and as well as cities previously named
because of the Intervention of holiday. The in
dustrlal situation is rather better, the average
number of employees striking within ten days hay
IN. dropped OFF one-half as compared With
month prior thereto. 1t is probable that labor
disturbances for two months will record over
100000 strikers in 1887, against $4,000 in 1885,
Bank clearings at thirty-six cities aggregate
1878, 99l for the week ended yestesday,
against 97e, 726 ,262 last week and S8l3 75s. o4o
in the like week of 1886, decline of about s1o3-
100000 on the week, materially less than may be
ascribed to the loss of one days business. AS
compared with the week year ago Give days.
there is gain of 100000, ooo,or about per cent
Leading domestic money markets are rather more
ing ON New York for funds. Owing to Interrupt
ton to the country trade west, southwest and
northwest mercantile collections have been
greatly curtailed. The demand on local bankers
at several of the more important distributing cen
tiers Is noted in changing rates for exchange on
New York. The gross earnings of 100 railways,
having half the total mileage of the country were
$24.49o 900 in January, against 500 0e5, 900 IN
January, 1886. gain of 81, 425, 900.
wheat suffered another reaction during the
week, which declining visible stocks and quantity
afloat failed to check Speculative circles were
again demoralized; weak longs let 90, and prices
declined rapidly with active trading. Active ex-
port buying at lowest figures east and west, ad
vaneed quotations again, the close yesterday at
New York being SOC against 9OI4c week ago.
Bradstreers advices are that the Austrian colo
MES VIII have 10000 short tons of wheat or
export Export demand at San Francisco is good
Hog products, excepting mess pork, have gone
on rapidly after the heavy advance, on freer de-
liyeries of hogs and speculative influences. The
continued advance of pork at Chicago is explain
ed by the fact that large short interest Is being
well squeezed. The advance of 2oa3O points in
coffee options within three days was lost within
ten minutes yesterday. Baltimore sold heavily
Brazilian receipts are smaller, but home trade Dc.
maud is light. Holders are firm. Iron and steel
are quiet
There were 1853 failures in the United States
reported to BradsiTeets this week, against 244
last week, POS year ago, 254 two years ago, 2ls
three years and 204 four years ago. Canada had
u this against 35 last week. Tie total IN the
United States this year to date is 2.l4l, against
23ol in s8e, 1851 in 1856, 2341 in 1884, and
2lG5 IN 1888. Canada has had 233 this year,
against 2i9 last, $50 in 1885, $50 in 1884, and
FAC In 1883.